Gross External Debt Statistics is harmonized with BOP statistics. Besides of public sector debt, it includes private sector's (Banking and Other sector) external debt.

Gross External Debt of Georgia by June 30 of 2013 amounted to 13.4 billion of USD (22.2 billion of GEL), which composes 84.3 percent of GDP. Out of that 4.1 billion of USD (6.8 billion of GEL, 25.9 percent of GDP) is government sector debt; 435.7 million of USD (719.3 million of GEL) - National Bank's debt; 2.5 billion of USD (4.1 billion of GEL) - Banking sector's debt; 3.3 billion of USD (5.5 billion of GEL) - other sector's debt and 3.0 billion of USD (5.0 billion of GEL) is intercompany lending. The Gross External Debt of Georgia denominated in foreign currency constitutes 93.7 percent of total.

During the second quarter of 2013, Gross External Debt of Georgia decreased by 45.8 million of USD (75.6 million of GEL), of which, price changes led to decrease in gross external debt of Georgia by 35.7 million of USD (59.0 million of GEL), transactions - by 30.4 million of USD (59.0 million of GEL), other changes - by 11.9 million of USD (19.8 million of GEL), while exchange rate changes led to increase by 32.2 million of USD (53.1 million of GEL).

Public sector debt decreased by 101.4 million of USD (167.3 million of GEL) during the reporting period, of which, transactions resulted in decline by 111.8 million of USD (184.5 million of GEL) and  price changes by 4.3  million of USD (7.0 million of GEL); while exchange rate changes increased the public sector external liabilities by 14.6 million of USD (24.2 million of GEL).

External liabilities of the National Bank of Georgia decreased by 64.5 million of USD (106.5 million of GEL), of which 66.3 million of USD (109.4 million of GEL) decline was due to transactions and 1.7 million of USD (2.8 million of GEL) growth was due to exchange rate changes.

External liabilities of banking sector, increased by 134.5 million of USD (221.9 million of GEL); of which 128.2 million of USD (211.6 million of GEL) growth due to transactions and 5.1 and 1.1 million of USD (8.4 and 1.9 million of GEL) due to exchange rate and price changes respectively. During the reporting period, 69.4 percent of banking sector's liabilities growth comes to short-term liabilities.

Other sectors' external liabilities decreased by 48.0 million of USD (79.2 million of GEL), of which 71.0 million of USD (117.1 million of GEL) was the decline in nonfinancial corporations' external liabilities. While the liabilities of nonbank financial corporations increased by 23.0 million of USD (37.9 million of GEL). Other sectors' liabilities decreased due to price changes by 32.6 million of USD (53.8 million of GEL) and due other changes and transactions by 12.1 million of USD (19.9 million of GEL) and by 10.4 million of USD (17.1 million of GEL) respectively, while increased by  7.1 million of USD (11.7 million of GEL) due to exchange rate changes.

Intercompany lending increased by 33.6 million of USD (55.5 million of GEL) during the second quarter of 2013. Transactions led to growth by 29.8 million of USD (49.4 million of GEL) while exchange rate and other changes led to decline by 3.6 million USD and 0.2 million USD (6.0 million GEL and 0.3 million GEL) respectively.

Liabilities denominated in foreign currency decreased by 25.4 million of USD (41.8 million of GEL), and amounted to 12.6 billions of USD (20.8 billion of GEL). The liabilities denominated in national currency also decreased by 20.5 million of USD (33.8 million of GEL) and totaled 851.2 million of USD (1.4 billion of GEL).

Compilation of the External debt of Georgia has begun from 2007. The Gross External Debt data from December 31, 2006 are available on the Georgia's National Bank's website. To meet better the interests of users the National Bank of Georgia decided to compile the Gross External Debt data from the period of December 31, 1999. Namely, to expand the main table (SV1), in which the Gross External Debt is presented with breakdown by sectors of economy and debt instruments.